Usha Financial Service Limited IPO Subscribed 1.36 Times on Day 1

Usha Financial Services Limited (UFSL), IPO received an overwhelming response with the subscription of 1.36 times on Day 1 of bidding. The IPO received bids for 52.74 lakhs equity shares against 38.78 lakh shares on offer.

The retail investor segment was booked 1.24 times, while the non-institutional investors (NII) category was subscribed 2.02 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 1.07 times till now.

Usha Financial IPO GMP today

The IPO's grey market premium (GMP) today is ₹51 per share, which indicates an expected listing price of ₹219, a premium of over 30 per cent over its issue price of ₹168.

The finalization of the basis of allotment for UFSL's IPO is scheduled for October 29,2024. Refunds will be initiated, and equity shares will be credited to investors' accounts on October 30,2024, with the company's listing on the NSE SME set for October 31,2024.